About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ESMA Approves DTCC as SFTR Trade Repository

Subscribe to our newsletter

DTCC’s Global Trade Repository (GTR) service is now approved for SFT reporting after an announcement last week by ESMA extended registration approval to four new trade repositories including the DTCC Derivatives Repository, along with the LSE’s UnaVista TRADEcho, Krajowy Depozyt Papierów Warto?ciowych, and REGIS-TR.

The SFT will be offered out of DTCC’s European trade repository, DDRL.

“We’re pleased with this decision,” says Val Wotton, Managing Director, Repository & Derivatives Services at DTCC. “With less than three months remaining before SFTR’s implementation deadline for banks, investment firms, CCPs and CSDs, we are encouraged by the level of their preparations. We look forward to continuing to work with our community in support of their regulatory reporting efforts.”

In February, DTCC reported that its SFTR community had topped 160 firms, split between around 30 vendors and 138 financial services firms including Barclays, Goldman Sachs, Franklin Templeton, J.P. Morgan, PIMCO, SEB, and Societe Generale. The firm opened industry-wide user-acceptance testing (UAT) for SFTR back in October 2019 so that users could benefit from an extended period of testing, increasing their levels of preparedness for regulatory compliance from day one. Since then, additional phases have rolled out including UAT with final XML schemas and validations rules.

Implementation of the regulation’s initial reporting deadlines, originally scheduled for April, was in March pushed back three months to 13 July in response to the global coronavirus pandemic.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing Non-Financial Misconduct Under SMCR

Non-financial misconduct – encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks to a firm’s culture and operational integrity. Recognizing the profound impact on...

BLOG

When 1% Breaks the Fund: The Sanctions Contagion Facing ETF Issuers

Roy Kirby, Head of Core Products at SIX Group, has spent the past four years watching sanctions transform from episodic geopolitical tools into a structural feature of market risk. In sharing insights with RegTech Insight, he sets out how the acceleration and layering of sanctions since 2022 are reshaping compliance obligations for ETF issuers and,...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

The Data Management Implications of Solvency II

Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the compliance solution that will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’:...